REPLAY: The Happiness Project with Heather Bagby

SUMM IT UP

What makes you happy? Hiring an associate? Raising your prices? Spending time with family and friends? Opening a new location? Striking out on your own? In the beauty industry, decisions big and small often revolve around numbers: and that includes your personal finances, your business books, and market forces like supply, demand, and inflation. Numbers can be confusing, but understanding the big picture math is foundational to achieving our dreams, and achieving your own version of happiness. Heather Bagby, Vice President of Business Development at Summit Salon Business Center and a co-owner of Shear Art Salons in Tampa, is here to break down the Happiness Project. On this episode of SUMM IT UP, Heather explains fundamentals like Summit's levels system, which links stylists' rates to area income, and introduces concepts like wealth mindset versus poverty mindset. Plus, how having a handle on the numbers can help employers be more flexible and supportive to their staff, and tips for working with supply chain challenges and product price increases .

This episode originally aired in November 2021.

SUMM IT UP is produced by Andrea Muraskin, with editorial support from Tim Fisk.

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